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Monday, 20 June 2016

Egypt and Canada sign USD 30 mn aid agreement to fund education in Aswan

Egypt and Canada have signed a USD 30 mn aid agreement under which Canada will fund education and vocational training programs and school meals in Aswan, said Egypt’s ambassador to Canada Moataz Zahran. The agreement was signed during International Cooperation Minister Sahar Nasr’s trip to Canada last week for the 22nd session of the Conference of Montreal, where she discussed a CAD 50 mn (USD 38.9 mn) grant to help train women Youm7 reports.

…At a meeting with President Abdel Fattah El Sisi and Prime Minister Sherif Ismail on Sunday, Nasr was instructed by the President not to sign any agreement without making sure that Egypt can pay back the loan, as Egypt’s foreign debt remains in a relatively stable position, Al Mal reports.

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